42 Broad St - Storefront Retail/Residential FOR SALE


Keyport, NJ 07735
$685,000 USD
732-946-9200
42 Broad St, Keyport, NJ for Sale
$685,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | 6.5% Cap Rate

42 Broad St
Keyport, NJ 07735


HIGHLIGHTS

  • Heavy daytime foot traffic
  • Open floor plan with brick walls
  • easy waterfront access, bus stop, redevelopment zone

OVERVIEW

Mixed-use opportunity in the heart of downtown Keyport, just steps from Keyport Waterfront Park. Enjoy a prime Main Street location near shops, dining, and the waterfront promenade. The first floor offers approximately 1,500 SF of retail or commercial space with strong visibility, while the second floor provides approximately 1,400 SF of residential space. Renovations have already begun, creating an excellent opportunity for a buyer to complete and customize the property to their vision. Exposed brick walls add historic character and design appeal throughout. The second floor was previously configured as a spacious two-bedroom apartment and may offer potential for reconfiguration, subject to municipal zoning and Planning Board approval. Buyer to conduct due diligence regarding permitted uses and approvals. With two new furnaces, updated plumbing, and a newer roof, this property offers a strong head start for a visionary investor, owner-occupant, or developer looking to establish or expand their presence in the growing borough of Keyport.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$236 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

STATUS

Under Renovation

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

42 Broad Street, Keyport

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,497 SF

ZONING

GC

APN/PARCEL ID

24-00021-01-00060

ASK ABOUT THIS PROPERTY

Dennis FotopoulosHeritage House Sotheby's International RealtyMore Info
732-946-9200

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Dennis FotopoulosHeritage House Sotheby's International RealtyMore Info
732-946-9200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.